摘要：From the financial and economic literature it follows that macroeconomicnews plays important role in asset pricing as it carries information about conditionsof the economy and possible future government actions. Previous studiesshow that not only domestic news is significant for investors. Sometimes informationabout other economies is even more important, particularly when it is theU.S. economy. Such conclusion is obtained by e.g. Nikkinen and Sahlström [12],are performed on the basis of daily data as well as intraday data.
